UBA posts $320.9-million profit in 9M 2024
This growth was bolstered by improved fee income and robust foreign exchange earnings, highlighting UBA's adaptability in volatile markets.
This growth was bolstered by improved fee income and robust foreign exchange earnings, highlighting UBA's adaptability in volatile markets.
The effort targets Nigeria's crippling power shortages, aiming to bring electricity to over 86 million individuals – nearly half the country's population – who lack access to this basic necessity.
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
This strategic initiative represents a substantial expansion in the company’s aviation fuel services portfolio.
Irune highlighted the company’s focus on deepening regional investments while working closely with local governments and host communities.
Gross earnings surged by 60.87 percent, reaching N28.17 billion ($17.21 million) from N17.51 billion ($10.7 million) in the corresponding period of 2023.
His $20-billion refinery project aims to secure the nation's energy independence, though political corruption threatens to undermine his efforts.
The startup, which aims to achieve profitability next year, is committed to empowering gig workers and promoting sustainable mobility in North America.
Alawuba, who leads one of Africa's most transformative financial institutions, continues to grow both the bank's operations and his personal fortune this year.
This follows a brief uptick between Aug. 6 and 10, when his stake gained $4.61 million amid a fleeting share price recovery.
Transcorp Power’s strong revenue growth across segments boosts earnings above $35 million.
The meeting, anticipated between Tuesday and Wednesday, aims to establish pricing and supply terms for petrol from the $20-billion refinery.
This listing expands investment opportunities for Nigerians, aligning with Aradel’s mission of enabling broader participation in the oil and gas sector.
This figure is expected to increase by the first quarter of 2025, with the company aiming to resolve its ongoing crude supply issues.
Total assets rose 21 percent to N221.09 billion ($136.4 million), reflecting strong growth and strategic investments under billionaire Femi Otedola's leadership.
This follows a $1.19-million gain recorded between Jan. 1 and May 6, when the value of his stake rose from $4.91 million to $6.1 million.